One day after Bank of America warned that the coming "hyperinflation" will last at least 2 and as much as 4 years - whether or not one defines that as transitory depends on whether one has a Federal Reserve charge card to fund all purchases in the next 4 years - Larry Summers, who is this close from being excommunicated from the Democrat party, predicted inflation will be running “pretty close” to 5% at the end of this year and that bond yields will rise as a result over the rest of 2021.
Putting the stimulus tsunami in context, on Friday Bank of America's Michael Hartnett calculated that with the latest $600BN Biden infrastructure plan, the running tally of global monetary & fiscal stimulus rises to $30.5 trillion in the past 15 months, an amount equivalent to entire Chinese & European GDP’s.
發表於 2021-6-27 08:50:03
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